Change Machine

Change Machine

Brooklyn, NY 11232
Tax ID76-0833915

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About this organization

Revenue

$5,297,334

Expenses

$3,425,691

Mission

We build financial security for low-income communities through people powered technology.

About

Ecosystems - In 2016, the clinic launched the Financial Security Ecosystem Initiative ('Ecosystem'), a holistic partnership approach that builds financial security for LMI Americans at scale. In an ecosystem, the clinic engages a subset of regional- or sector-based nonprofits in a time-limited engagement, and applies its complete bundle of products and services, including training and technical assistance for frontline staff and leadership, direct access to a seasoned financial coach, and data evaluation support to promote policy solutions and systemic change.

Interesting data from their 2020 990 filing

The purpose of the non-profit is listed in the filing as “The financial clinic's mission is to build working poor people's financial security through an ecosystem of strategies that includes direct service, capacity building with other nonprofits and systems-level solutions and social innovations to create lasting change. the clinics vision is for the united states to be a nation where everyone is financially secure. the clinics current significant objective is to build financial security for 1 million people by the year 2020. the strategies employed to achieve this objective include direct financial coaching services, training and technical assistance for nonprofit partners, and research and policy work to drive lasting change.”.

When discussing its operations, they were characterized as: “The clinic's vision is for the united states to be a nation where everyone is financially secure.”.

  • The non-profit's legally reported state of operation is NY.
  • The filing states that the non-profit's address in the year 2020 is 254 36TH ST UNIT 16 STE B321, BROOKLYN, NY, 112322401.
  • The form submitted by the non-profit for 2020 shows a total of 0 employees.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $1,871,643.
  • The organization has 10 independent voting members.
  • The organization was formed in 2006.
  • The organization pays $2,480,605 in salary, compensation, and benefits to its employees.
  • The organization pays $355,644 in fundraising expenses.

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